29 Jun 2011

Auckland judged top economic hub

9:51 am on 29 June 2011

Auckland has topped an economic survey as the hub of New Zealand.

The ASB's quarterly report ranked Auckland in the top place for the seventh consecutive time and it is the only district awarded four out five stars.

Wellington, Bay of Plenty and Waikato were awarded three stars.

Northland, Marlborough, Canterbury and Southland have been ranked the lowest.

ASB economist Chris Tennent-Brown says improvements in Auckland's housing market and retail spending earned the city an extra star.

Mr Tennent-Brown says the survey is an economic snapshot and based on indicators such as population, employment and house prices.

None of the regions were awarded five stars as the country is still recovering from the impact of the recession and the Canterbury earthquakes, he says.